executive reshuffle
, effective June 11, could cause momentum to slow. The changes will make Corie Barry, Best Buy's acting chief financial officer and strategic transformation officer, the company's new chief executive officer — the first woman in that role. Hubert Joly, the retailer's current board chairman and chief executive officer, will become executive chairman of the board.
The changes are part of Best Buy's "ongoing succession planning process," which is meant to "provide leadership continuity," the company said. Despite concerns, the process is "genuinely well thought out," according to Barry. Best Buy's increasing sales are due, in part, to the retailer's online offerings, such as subscription-based tech support. It has also been investing in its delivery service and its "click and connect" service, which helps shoppers purchase products online and pick them up in store.
MakeIt I put my money RadioShack RSH.
MakeIt What if you put $1000 in WorldCom in 2000?
MakeIt ....now to Toys R Us.
MakeIt 🤷🏻♂️
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